Dec 28, 2012 2:00pm EST
mcconnell, who will join his colleagues later today at the white house. [video clip] >> i told the president last night we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. republicans are not about to write a blank check or anything senate democrats before or just because we find ourselves at the edge of the cliff. that would not be fair to the american people. that said, we will see what the president has to propose. members on both sides will review it. then we will decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a preventable economic crisis. host: damian paletta. guest: senator mcconnell is a pro at this kind of negotiation. he's going into this white house meeting saying, give us your proposal, let us see what you want to do, we will be willing to look at whatever you present. the potential problem is what the white house will present is something they are presented before that senator mcconnell has s
Dec 29, 2012 7:00am EST
tomorrow afternoon. host: both majority leader harry reid and mitch mcconnell both expressed optimism after the meeting with the president. what is the basis of their optimism? is this a sign we might be one step, two steps, through step closer to a deal? caller: it does appear we are a step closer to a deal. they are talking about doing is extraordinarily popular stuff. except for the big marquee item, which is letting taxes rise on the wealthy. the rest of the stuff they are looking at doing the stuff they do all the time. it is extending an expiring tax policies. they know the benefit businesses. extent college tuition credits. there are looking at protecting people from the alternative minimum tax. it is all very urgent stuff that needs to be done. there are only two remotely controversial pieces of this, that is what to do with the estate tax and to how to define the wealthy people whose taxes are going to go up. the rest of it is, basically protecting people from tax hikes. i guess extending unemployment benefits and sometimes controversial for the republicans. it appears to have agre
Dec 24, 2012 3:00am PST
. success depends partly on whether mitch mcconnell decides to filibuster any legislation. there is senate republicans who are willing to compromise in order to avoid the fiscal cliff. including kay bailey hutchison of texas and johnny isakson of georgia. >> time is running out. and the truth of the matter is, if we do fall off the cliff after the president's maturitied, he'll come back, propose just what he proposed yesterday in leaving washington and we'll end up adopting it. why should we put the markets mn such turmoil and the people in misunderstanding or lack of confidence? why don't we go ahead and act now? >> the president is insisting tacks go up for the wealthy, but he's now scaled back his expectations for the rest of the year focusing only on a middle class tax cut and extended unemployment benefits. he said he still thinks some kind of deal can be reached, but that optimism is not shared by everyone. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, it's the first time that i feel it's more likely that we will go over the cliff than not
Dec 28, 2012 12:00pm EST
have to have that first vote done in a timely way so that both senator reid and senator mcconnell can leave to have the designated meeting with president obama. mr. cochran: mr. president, let me join with the senator from maryland in commending all senators for the expeditious way we've been able to move this bill but particularly the chairwoman herself, who's provided strong leadership, capable leadership, fairness, a sense of fairness for all senators, and i thank her for the honor of serving with her on this committee. the presiding officer: under the previous order, the senate senatorses can attend the weekly caucus meetings. this morning they approve and extension of the farm intelligence v it allows the government to continue intercepting overseas communication. it extends legal immunity phone companies that help the government wiretap the domestic phone calls. president obama plans to sign the bill. when the senate is back we are expecting senators to continued work on the $60 billion hurricane sandy relief package. negotiations continue on avoiding the so-called fiscal cliff.